News

California fracking ban fails by only a narrow margin

On Thursday, May 29, 2014 the California Senate failed to pass SB 1132 (Mitchell/Leno) which would have put a temporary moratorium on hydraulic fracturing, acidizing and other forms of oil and gas well stimulation methods.

The measure lost by a narrow margin, despite recent polling that 68% of Californians support a time out on fracking.

Additionally, the federal government has recently downgraded the estimated amount of recoverable oil in the Monterey Shale by 96%, dispelling the myth that fracking will lead to an oil boom in California.

In other words, recoverable reserves are one tiny twentieth of what they said they were.